In the dynamic world of cryptocurrency, significant on-chain movements often capture the attention of investors and analysts alike. Recently, a series of substantial ETH withdrawals has sparked considerable discussion, hinting at potential shifts in institutional strategy. Over the past 16 hours, five newly established wallets initiated the withdrawal of a staggering 173,654 ETH, valued at approximately $700 million, from FalconX. This information comes courtesy of Onchain-Lense, a reputable source for on-chain data.